NFP Acquires Employee Benefits Broker Pilot|RB to Enhance Group Benefits Offerings

NFP, a property and casualty broker part of Aon, has acquired employee benefits broker Pilot|RB. The acquisition enhances NFP's group benefits offerings, particularly in the non-profit segment. Financial terms were not disclosed. Josh and Ben Senders, principals at Pilot|RB, will join NFP as senior vice-presidents. Pilot|RB has been catering to non-profit organizations and middle market businesses for over six decades. NFP has been on an acquisition spree in recent months, including Bspoke Insurance Group and Levine Group.

NFP, a leading property and casualty (P&C) broker and part of Aon, has announced the acquisition of employee benefits broker Pilot|RB. The acquisition aims to enhance NFP's group benefits offerings, particularly in the non-profit segment. Financial terms of the deal were not disclosed [1].

Josh Senders and Ben Senders, principals at Pilot|RB, will join NFP as senior vice-presidents, reporting to Chris Feneli, managing director, Benefits, for NFP’s Northeast region. Pilot|RB, with over six decades of experience, has been catering to non-profit organizations and middle market businesses. The company has built a platform to design benefit programs with low costs and risk [1].

Kate Henry, president of NFP’s Northeast region, expressed excitement about the acquisition, stating, "We’re excited to welcome Josh, Ben and the Pilot team and add their capabilities and expertise to our diverse portfolio of solutions. This is a great strategic move for us and I’m looking forward to seeing how Josh, Ben and their team build on their successes in the tristate area and help us deliver even more value to employers and their employees" [1].

This acquisition is part of NFP’s recent acquisition spree, which includes the purchase of Bspoke Insurance Group and Levine Group. The strategy of expanding through acquisitions aligns with NFP's goal of enhancing its services and expertise in various segments, including group benefits and non-profit organizations.

References:
[1] https://www.nfp.com/about-nfp/newsroom/nfp-acquires-pilotrb/
[2] https://www.ainvest.com/news/accenture-1-billion-cybercx-acquisition-bolsters-asia-pacific-cybersecurity-stock-ranks-80th-daily-volume-2508/
[3] https://finance.yahoo.com/news/nfp-acquires-pilot-rb-expanding-130000726.html